Ellipsiz (BIX) H1 2025 earnings summary

Executive summary

• 1HFY2025 continuing-operations revenue rose 17% YoY to $27.9m; profit after tax increased to $1.3m from $0.5m, led by stronger DSS performance.

• Total period profit was $3.0m, including $1.693m from discontinued operations, largely reflecting a $2.338m disposal gain.

Financial highlights

• Revenue was $27.911m, up 17% YoY; gross profit was $5.845m, up 17%, with gross margin maintained at 21%.

• Operating result improved to $944k from a $37k loss; continuing-operations profit before tax was $1.704m versus $722k.

• Continuing-operations profit after tax was $1.286m versus $452k; total period profit was $2.979m versus a $1.945m loss.

• Operating cash flow was $2.496m; cash and cash equivalents ended at $57.176m, up from $54.870m at 30 June 2024.

Outlook and guidance

• Actual results were in line with the profit guidance issued on 27 January 2025.

• Two indoor golf simulator centres, at Orchid Country Club and Downtown East, were undergoing renovation, with operations planned to start in Q4 FY2025.

• The egg farm project was advancing with Singapore Food Agency engagement; a proposed investor subscription could provide funding and farming expertise, subject to the non-binding MOU process.